GBP/USD – 30M – SELLThe currency pair British Pound/US Dollar (GBP/USD) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 1.33383 will continue.
Caution: A possible trend reversal in the direction of resistance at 1.34086 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair could go down.
Moreover a ‘%K crosses below %D’ indicator layout is existing. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair could go down.
Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
Moreover a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34445 |
| 2nd High | 1.34128 |
| Next High | 1.34086 |
| Current Price | 1.33886 |
| Next Low | 1.33383 |
| 2nd Low | 1.33113 |
| 3rd Low | 1.33011 |
1.34086 – 1.34128 – 1.34445 – 1.33383 – 1.33657 – 1.33767 —
1.33893 – 1.34004 —
51.608026466714 – 55.809475066576 —
– —
1.34086 – 1768789800
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – – – – – – – –